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In 1874, Charles Converse, who owned about one-half of the company, sold out to Merwin Hulbert & Co., who were already the sole distributor for Hopkins & Allen. Merwin Hulbert later went bankrupt, and Hopkins & Allen followed in 1898, but was reorganized as the Hopkins & Allen Arms Co., which in turn went out of business in 1914. The revolver retains about 75% of its original nickel finish, but is missing some parts.